Equinor ASA (NYSE:EQNR) Stake Boosted by Logan Capital Management Inc.

Logan Capital Management Inc. raised its position in shares of Equinor ASA (NYSE:EQNR) by 4.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,879 shares of the company’s stock after buying an additional 4,626 shares during the quarter. Logan Capital Management Inc.’s holdings in Equinor ASA were worth $2,935,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in Equinor ASA during the 3rd quarter valued at $3,685,000. Wellington Management Group LLP raised its position in Equinor ASA by 3.7% during the third quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock valued at $95,019,000 after buying an additional 132,157 shares during the period. Stifel Financial Corp raised its position in Equinor ASA by 20.0% during the third quarter. Stifel Financial Corp now owns 75,475 shares of the company’s stock valued at $1,912,000 after buying an additional 12,585 shares during the period. Quantinno Capital Management LP lifted its stake in Equinor ASA by 30.0% in the 3rd quarter. Quantinno Capital Management LP now owns 37,531 shares of the company’s stock worth $951,000 after acquiring an additional 8,663 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its position in Equinor ASA by 74.5% during the 3rd quarter. IHT Wealth Management LLC now owns 27,064 shares of the company’s stock worth $693,000 after acquiring an additional 11,553 shares during the period. 5.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EQNR. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. StockNews.com lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday. Citigroup upgraded Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Finally, Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price on the stock in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.90.

Equinor ASA Stock Down 0.4 %

Shares of EQNR stock opened at $23.18 on Friday. The stock has a market cap of $64.74 billion, a P/E ratio of 7.11, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The stock has a fifty day moving average price of $24.13 and a 200 day moving average price of $25.90. Equinor ASA has a one year low of $22.15 and a one year high of $32.66.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same period last year, the firm earned $0.92 EPS. Analysts predict that Equinor ASA will post 3.35 earnings per share for the current year.

Equinor ASA Company Profile

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.